Is the new ATH for BTC next after $ 100,000?

For the first time in months, Bitcoin has broken over the psychological level of $ 100,000 and the momentum has clearly shifted to buyers.

If the price rises sharply and chain metrics, the current leg refers to continuing the bullish, but there are still a few key level to monitor.

Technical analysis

Daily chart

During the daily period, BTC has conducted a $ 100,000 resistance level and now floats about $ 103,000. This breakthrough arrived after both the 100-day and 200-day moving medium cleaning and the re-testing of the rising trend line, which have been respected in recent months.

Moreover, RS is firmly over 75 years of age, which shows a strong bullish momentum, although it also warns of possible short-term cooling. If the breakthrough persists, the next visible obstacle level is about $ 108,000, while the $ 99,000 zone now acts as a new key support.

4-hour chart

Studying 4H-CHART, we see the overriding wedge that had been formed for over a week. The price first went over $ 98,000 to $ 98,000 and exploded for $ 103,000.

Swingers, like RSI, confirm the strength, although we now see early signs of short -term exhaustion. This refers to the possible re -testing of Breakoutsone about $ 100,000 or even $ 98,000 before continuing. However, as of now, the overall structure favors further upside down, unless the $ 96,000 – $ 97,000 zone does not hold.

Chain analysis

Exchange reserve

From the perspective in the chain, the exchange reserves continue, making the new multi -year lowest. This continued decline will strengthen the long -term bullish dissertation: less BTC usually reflects accumulation behavior and reduced sales pressure.

It also suggests that long -term owners do not want to unload their coins even at their high level. The macro trot of shrinking residues supports the current breakthrough and increases the confidence of the sustainability of the rally, even if we get short -term setbacks.